Dull Day In Forex Markets

It was a very dull day in FX markets with little data on both the European and U.S. calendar. Commodity prices, though, countered the boring FX activity with large slips in Gold, Silver, Sugar and Crude. Equity markets were also negative. The next potential market movers will be the 30-year treasury auction and the BoE meeting, which are both scheduled for Thursday. FX traders will be keeping a lazy eye on the market response to the first 30-year auction in over 4 years. A poor appetite on the part of overseas investors might imply poor capital flows overall. This would be a Dollar-negative occurrence.